The Bank of East Asia

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Green Mortgage Plan

Key Facts Statement/Schedule of Fees and Charges

BEA launches the Green Mortgage Plan (“the Plan”) to promote green living and sustainability in Hong Kong by encouraging customers to purchase property in sustainably designed and constructed buildings. These buyers will also benefit from future cost savings as a result of better energy efficiency.

The Plan is offered to prospective purchasers of first-hand, second-hand, or government-subsidised residences that have a valid provisional/final “Platinum” or “Gold” rating under the BEAM Plus New Buildings/Existing Building scheme of the Hong Kong Green Building Council. Details are as follows:

 
Eligibility:
  • Any new mortgage or refinancing of first-hand, second-hand or government subsidized housing with valid provisional/final “Platinum” or “Gold” rating under BEAM Plus New Buildings/ Existing Buildings scheme

 

You can view the names of eligible properties at

https://hkgbc.org.hk/eng/beam-plus/beam-plus-dir-stat/BEAMPlusResProp/beamplus-resprop.jsp

 
Special features:
  • Online application
  • Preferential mortgage rate as low as H+1.3% and cash rebate up to 1.5%
  • Cash rebate of HK$800 for successfully online application
  • Extra "Green Mortgage Plan" Rewards
Mortgage Loan Amount   Extra Cash Rebate
HK$5,000,000 or above  HK$16,888
HK$1,000,000 - HK$4,999,999  HK$6,888

 

Promotional period:
  • 28th Dec, 2021 to 31st December, 2022

Apply Now

 

GREEN Mortgage x Deposit Campaign – Time deposit rate up to 4.90%

For eligible Green Mortgage customer, you can enjoy up to 4.90% 12-month time deposit interest rate and the deposit amount can be up to 100% of the mortgage loan amount. You can simply placing time deposit with new funds through our digital channels. For details, please refer to the below reward table. Terms and conditions apply.

Initial Mortgage Loan Amout

(HK$)

Minimum Deposit Amount

(HK$) 

Maximum Deposit Amount

(HK$) 

Tenor

HKD Time Deposit Interest Rate (p.a.)

$1,000,000 - $4,999,999 $100,000 $1,000,000 12 months  4.90%
$5,000,000 - $9,999,999 $5,000,000
$10,000,000 or above $10,000,000

  

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Green Mortgage Plan Terms & Conditions:
  1. Customer may apply for a Green Mortgage (“Green Mortgage”) with The Bank of East Asia, Limited (the “Bank”) if the property is residential and certified at ”Platinum” or “Gold” rating by the Hong Kong Green Building Council (“Eligible Green Property”) via www.hkbea.com/greenmortgage/en. The minimum loan amount requirement for Green Mortgage is HK$1,000,000. Refer to https://hkgbc.org.hk/eng/beam-plus/beam-plus-dir-stat/BEAMPlusResProp/beamplus-resprop.jsp for more information on Eligible Green Properties.
  2. Customer who has successfully applied for a Green Mortgage with the Eligible Green Property during the period from 28 December 2021 to 31 August 2022. Customers will be entitled to a one-off cash subsidy of HK$16,888 (applicable to the Green Mortgage loan amount is HK$5,000,000 or above); or HK$6,888 (applicable to the Green Mortgage loan amount is HK$1,000,000 to HK$4,999,999). The extra cash rebate will be rewarded to your designated BEA Banking accounts in a month.
  3. Prime-based Mortgage Plan is applicable to Government Subsidized Housing Scheme.
  4. Customer who has successfully applied for a Green Mortgage with the Eligible Green Property from 28 December 2021 onwards will be entitled to Mortgage Deposit-Linked account with saving deposit limit up to 50% of the outstanding principal of the loan, or the amount of a HK$2,000,000 whichever is lower.
  5. The Deposit Cap Offer and Cash Subsidy Offer remain valid even if the certification of the Eligible Green Property changes or expires after final approval for the Green Mortgage by the Bank. For the avoidance of doubt, the rating certified by the Hong Kong Green Building Council may change from time to time.
  6. For each eligible Green Mortgage, the maximum cash subsidy amount for all prevailing offers must not exceed 1% of the mortgage loan drawdown amount. If the sum of cash subsidy is greater than 1% of the aforesaid amount, the cash subsidy offered under all prevailing offer(s) will be included in the aforesaid amount for the calculation of Loan-to-value ratio (LTV).
  7. In the event that the customer is also entitled to other prevailing promotional offer(s), the Bank reserves the right to provide only one offer at its absolute discretion.
  8. The Bank reserves the right to vary, modify or terminate the offerings of Green Mortgage, and the terms and conditions from time to time without prior notice. In case of disputes, the Bank’s decision shall be final and binding.
  9. Should there be any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.

To borrow or not to borrow? Borrow only if you can repay! 

Terms and conditions apply.

 

To borrow or not borrow? Borrow only if you can repay!
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